The Wall Street Journal is reporting that Bank of America has been testing a program in LA, at 5 area branches, that would allow anyone without a credit history or social security number (usually illegals) get a credit card.
The program, expanded to 51 more branches last week, requires only that they have had a checking account with Bank of America for 3 months or longer without an overdraft.
Bank of America Corp. has announced its intentions of going national with this program later this year. Read the Rueters article here. |